The recent massive sell-off of BTC on the exchange is quite interesting. I previously shared an analysis expecting to see long positions liquidated, but the current situation might be more complicated than anticipated. The price could directly drop to the key zone around 925 to fill the gap.

What is really driving this? The EU trade agreement controversy? The legality issues with tariff policies causing trouble? Or is there some other factor at play? Multiple pressures stacking up, and in the short term, BTC's decline might still have some room to move.